Search results: price of gold

More than $1.5 billion of gold is smuggled out of Zimbabwe every year, depriving the cash-strapped economy of crucial foreign-exchange revenues, according to research organization International Crisis Group.The gold is illegally shipped from the southern African...

As the sun sets marking the end of another day, the mining town of Shamva suddenly comes to life. People from all walks of life including illegal gold miners, some already intoxicated ll-up the numerous nightspots...

Zimbabwe is reportedly losing more than US$100 million a month through gold smuggling, according to Home Affairs Minister Kazembe Kazembe.The government has been, for eons, trying to fight gold leakages but with little success. This article will...

Last year saw a local crocodile skin and meat business investing in a gold mine which attracted a lot of side-eyes. But the investment in Dallaglio Investments (Pvt) Ltd by Padenga Holdings now looks like a...

A United Kingdom based investment company, Contango Holdings, is eying gold opportunities in Zimbabwe, which the company said could be monetised in order to provide material value to shareholders in the short term.The resource firm, which...

The stock market is riding high, taking Joe Biden’s widening lead in the polls as a sign to discount the odds of a contested election. But some investors say it’s too soon to count out turmoil...

Teranga Gold (TSX: TGZ) has increased the mineral resource estimate for its Golden Hill project in southwest Burkina Faso after incorporating results from its latest drill program on the property.Golden Hill is an advanced-stage exploration project located within...

Extensive exploration works at Eureka Gold Mine in Guruve District, Mashonaland Central Province have confirmed resource worth over US$1 billion. This was revealed by the shareholders of the mine while briefing Deputy Minister of Mines and Mining...

Platinum holdings in exchange-traded funds have surged to a record, raising the prospect of a catch-up rally for the precious metal after months of lagging gold and silver.More than 600,000 ounces of platinum have been added...

Gold climbed as investors weighed the impact of the Federal Reserve’s new approach to setting US monetary policy, with a more relaxed stance on inflation.Chair Jerome Powell said that the Fed will seek inflation that averages...

Zimbabwe Environmental Law Association (ZELA) is taking a massive step in ensuring that former machete-gangs are rehabilitated into the mining sector in order to reduce violence. According to ZELA Deputy Director Shamiso Mtisi, the organization is testing...

Zimbabwe's gold and platinum sectors have shown resilience to the Covid-19 pandemic operating at full capacity in the first six months of the year, an official has said.Benard RinomhotaSpeaking during the 2020 MineEntra virtual meeting , the...